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eBay Pops 9% on Holiday Revenue Boost, GMV Up 2.2%
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eBay Inc. (EBAY - Free Report) just released its fourth quarter fiscal 2016 financial results, posting earnings, before non-recurring items, of 44 cents per share and revenues of $2.4 billion. Currently, EBAY is a #4 (Sell) on the Zacks Rank, and is up 9.2% to $33.08 per share in trading shortly after its earnings report was released.
Missed earnings estimates. The company posted earnings of $44 cents per share, lagging behind the Zacks Consensus Estimate of 47 cents per share. This number excludes $4.86 from non-recurring items.
Matched revenue estimates. The company saw revenue figures of $2.4 billion, matching our consensus estimate of $2.40 billion and gaining 3.4% year-over-year.
eBay said its gross merchandise volume rose 2.2% to $22.34 billion in the quarter.
Looking ahead, the company expects full-year adjusted profit of $1.98-$2.03 per share, missing estimates of $2.06 per share. Revenues are expected to fall in the range of $9.3 billion-$9.5 billion, compared with estimates of $9.5 billion.
"Q4 was a record quarter highlighted by solid performance in our eBay business. During the holiday season, eBay was one of the top consumer shopping destinations in the world and the second most visited eCommerce site in the U.S.," said Devin Wenig, President and CEO of eBay Inc. "In 2017, we intend to accelerate the progress that we made last year as we continue to execute our business strategy."
Here’s a graph that looks at eBay’s price, consensus, and EPS surprise:
eBay is one of the world's largest online trading communities. eBay creates a powerful marketplace for the sale of goods and services by a passionate community of individuals and small businesses. eBay enables trade on a local, national and international basis with local sites in numerous markets in the United States and country-specific sites in the United Kingdom, Canada, Germany, Austria, France, Italy, Japan, Korea and Australia.
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eBay Pops 9% on Holiday Revenue Boost, GMV Up 2.2%
eBay Inc. (EBAY - Free Report) just released its fourth quarter fiscal 2016 financial results, posting earnings, before non-recurring items, of 44 cents per share and revenues of $2.4 billion. Currently, EBAY is a #4 (Sell) on the Zacks Rank, and is up 9.2% to $33.08 per share in trading shortly after its earnings report was released.
Missed earnings estimates. The company posted earnings of $44 cents per share, lagging behind the Zacks Consensus Estimate of 47 cents per share. This number excludes $4.86 from non-recurring items.
Matched revenue estimates. The company saw revenue figures of $2.4 billion, matching our consensus estimate of $2.40 billion and gaining 3.4% year-over-year.
eBay said its gross merchandise volume rose 2.2% to $22.34 billion in the quarter.
Looking ahead, the company expects full-year adjusted profit of $1.98-$2.03 per share, missing estimates of $2.06 per share. Revenues are expected to fall in the range of $9.3 billion-$9.5 billion, compared with estimates of $9.5 billion.
"Q4 was a record quarter highlighted by solid performance in our eBay business. During the holiday season, eBay was one of the top consumer shopping destinations in the world and the second most visited eCommerce site in the U.S.," said Devin Wenig, President and CEO of eBay Inc. "In 2017, we intend to accelerate the progress that we made last year as we continue to execute our business strategy."
Here’s a graph that looks at eBay’s price, consensus, and EPS surprise:
eBay Inc. Price, Consensus and EPS Surprise
eBay Inc. Price, Consensus and EPS Surprise | eBay Inc. Quote
eBay is one of the world's largest online trading communities. eBay creates a powerful marketplace for the sale of goods and services by a passionate community of individuals and small businesses. eBay enables trade on a local, national and international basis with local sites in numerous markets in the United States and country-specific sites in the United Kingdom, Canada, Germany, Austria, France, Italy, Japan, Korea and Australia.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>